by GCK | May 14, 2015 | News
On June 2, 2014, the IRS launched a voluntary disclosure program to help small businesses come into compliance with their retirement plan filing requirements. The program applied to Plan Administrators for certain small business plans (owner-spouse), certain business...
by GCK | May 7, 2015 | News
All U.S. taxpayers who maintain foreign bank accounts, investment accounts, property, or other assets must generally report the existence of their foreign asset to the U.S. government, as well as recognize their foreign income on their U.S. income tax returns. Foreign...
by GCK | Sep 23, 2013 | News
When clients are considering what business entity is appropriate for their new business, they frequently ask what the differences are between a Limited Liability Company (“LLC”) and an S corporation. This article highlights some of the more significant...
by GCK | Sep 23, 2013 | News
Submitted on Monday, September 23, 2013 – 2:04pm After several years in the making, the new Illinois Independent Tax Tribunal will begin hearing cases on January 1, 2014. The Tribunal will take jurisdiction over cases where the tax liability at issue exceeds...
